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In this lecture on shareholder rights, the focus is on the shareholder right to sue, specifically through derivative actions. Two primary types of lawsuits were mentioned: direct actions and derivative actions, with a brief note on fraud actions to be covered later. The session reviews the criteria for initiating derivative litigation, emphasizing the distinction from direct suits using the Thule two-step method to ascertain who was harmed and who would receive compensation. Additionally, the lecture will address the key procedural differences involved in derivative litigation.
